Moodys downgraded US credit rating
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Treasury Secretary Scott Bessent downplayed the U.S. credit downgrade as a "lagging indicator" of economic and fiscal conditions, after Moody's took the U.S. off its top tier.
Moody's lowered the US triple-A credit rating on Friday, citing rising federal debt and interest costs.
Moody's becomes latest major credit rating agency to downgrade US' 'perfect' long-term credit rating - Anadolu Ajansı
American markets fell to open the week Monday, reacting to Saturday's news that Moody's Ratings was downgrading U.S. debt.
U.S. stocks finished near the unchanged mark on Monday with market sentiment weakened by the downgrade of the federal government's perfect sovereign credit rating owing to its huge debt profile.